Boyd Group Services Stock Alpha and Beta Analysis
| BYD Stock | CAD 223.07 2.89 1.31% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Boyd Group Services. It also helps investors analyze the systematic and unsystematic risks associated with investing in Boyd Group over a specified time horizon. Remember, high Boyd Group's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Boyd Group's market risk premium analysis include:
Beta (0.53) | Alpha 0.021 | Risk 1.3 | Sharpe Ratio 0.0034 | Expected Return 0.0045 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Boyd Group Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Boyd Group market risk premium is the additional return an investor will receive from holding Boyd Group long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Boyd Group. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Boyd Group's performance over market.| α | 0.02 | β | -0.53 |
Boyd Group expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Boyd Group's Buy-and-hold return. Our buy-and-hold chart shows how Boyd Group performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Boyd Group Market Price Analysis
Market price analysis indicators help investors to evaluate how Boyd Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Boyd Group shares will generate the highest return on investment. By understating and applying Boyd Group stock market price indicators, traders can identify Boyd Group position entry and exit signals to maximize returns.
Boyd Group Return and Market Media
The median price of Boyd Group for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 217.28 with a coefficient of variation of 3.44. The daily time series for the period is distributed with a sample standard deviation of 7.44, arithmetic mean of 216.39, and mean deviation of 6.06. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Boyd Group Services Sets New 1-Year Low at 202.75 - MarketBeat | 09/23/2024 |
2 | Despite the downward trend in earnings at Boyd Group Services the stock rises 3.2, bringing five-year gains to 20 percent - Yahoo Finance | 10/18/2024 |
3 | Raymond James Lowers Boyd Group Services Price Target to C285.00 - MarketBeat | 11/07/2024 |
4 | Is Now An Opportune Moment To Examine Boyd Group Services Inc. - Yahoo Canada Finance | 11/22/2024 |
About Boyd Group Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Boyd or other stocks. Alpha measures the amount that position in Boyd Group Services has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002849 | 0.002881 | 0.002081 | 0.001977 | Price To Sales Ratio | 1.81 | 1.36 | 1.53 | 1.61 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boyd Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boyd Group's short interest history, or implied volatility extrapolated from Boyd Group options trading.
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Other Information on Investing in Boyd Stock
Boyd Group financial ratios help investors to determine whether Boyd Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Boyd with respect to the benefits of owning Boyd Group security.